SCHEDULE 13G/A: Revolve Group Insiders Maintain Significant Control with Over 43% Beneficial Ownership

An amended Schedule 13G filing reveals that MMMK Development, Inc., Michael Karanikolas, and Michael Mente collectively maintain beneficial ownership of over 43% of Revolve Group, Inc.'s Class A Common Stock.

Summary

• MMMK Development, Inc., Michael Karanikolas, and Michael Mente have filed an Amendment No. 5 to Schedule 13G, disclosing their beneficial ownership in Revolve Group, Inc.'s Class A Common Stock.
• As of March 31, 2025, MMMK Development, Inc. beneficially owns 30,883,465 shares, representing 43.4% of the Class A Common Stock.
• Michael Karanikolas beneficially owns an aggregate of 31,006,465 shares, which includes 123,000 shares with sole voting and dispositive power, and 30,883,465 shares with shared voting and dispositive power, representing 43.5% of the Class A Common Stock.
• Michael Mente beneficially owns an aggregate of 30,956,465 shares, which includes 108,331 shares with sole voting and dispositive power (comprising 73,000 Class A shares and 35,331 convertible Class B shares), and 30,883,465 shares with shared voting and dispositive power, representing 43.5% of the Class A Common Stock.
• The shared voting and dispositive power for Messrs. Karanikolas and Mente relates to Class B common stock held by MMMK Development, Inc., over which they share control as stockholders of MMMK Development, Inc.
• The percentages are calculated based on 40,298,699 shares of Class A common stock outstanding as of February 18, 2025, as reported in Revolve Group, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2024.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing no inherent positive or negative sentiment regarding the company's performance or future prospects. It simply updates ownership percentages.

Future Outlook

NA

Industry Context

This filing is a standard regulatory disclosure of beneficial ownership and does not provide information on broader industry trends or competitive landscape. It primarily details the ownership structure of Revolve Group, Inc. by key insiders.

Stakeholder Impact

• Shareholders: The filing confirms significant insider ownership, which can imply stability and alignment of interests between management and shareholders, but also a concentrated control structure.

Key Dates

Keywords

Revolve Group Inc, Class A Common Stock, Beneficial Ownership, Schedule 13G, SEC Filing, MMMK Development Inc, Michael Karanikolas, Michael Mente, Insider Ownership, Corporate Governance